FINC 3031 PERSONAL FINANCE
Instructor: Grady Perdue, Ph.D., CFP®
Office Hours: As stated in class
Office: Bayou 3121
Phone: (281) 283-3213
Text: Personal Financial Planning, 2nd ed., by Ho, Perdue, and Robinson
Calculator: You will need a financial calculator for this course. I personally prefer the
Hewlett-Packard 10-B, but get the financial calculator of your choice.
Course Content: Practical financial management of personal money matters,
budgeting, insurance, taxes, borrowing, saving, investing and
retirement and estate planning. NOTE: This course will not satisfy
the B.S. in Finance requirement.
Course Format: The course is taught by use of lectures, classroom discussions,
and a research project.
Grading: There will be two exams, homework and a term project.
Each exam counts 25 percent of your final grade. Format for the exams
will be announced prior to each exam.
The homework counts 16 percent of your grade. Late assignments are
The term project counts 34 percent of your grade. The project is due by
June 26. There will be a severe grade penalty for late projects.
An incomplete on a final grade will ONLY be given in accordance with
Disabilities: If you have any special needs due to a disability, please contact
Disability Services by calling 281-283-2627. That office will let me
know how I may best accommodate your participation in this
Term Project: Each student will be assigned to develop his/her own financial plan.
You will utilize the material learned during this course. If you mail
me your term project, it should be sent "return receipt requested".
The postmark date will be the date I will consider it as being turned
Make-ups: If you miss the first exam, the second exam counts for both the missed
exam and for the exam you take. If you miss the second exam, you must
arrange with the instructor to take a separate make-up exam. The format
of the make-up may not be identical to the original exam.
Ranges for final grades are:
C+ = 77.00-79.99
A = 93.00-100.00 C = 73.00-76.99
A- = 90.00-92.99 C- = 70.00-72.99
B+ = 87.00-89.99 D+ = 67.00-69.99
B = 83.00-86.99 D = 63.00-66.99
B- = 80.00-82.99 D- = 60.00-62.99
F = below 60
Academic Honesty Policy: The Academic Honesty Policy of UHCL states:
Academic honesty is the cornerstone of the academic integrity of
the university. It is the foundation upon which the student builds
personal integrity and establishes a standard of personal behavior.
Because honesty and integrity are such important factors in the
Finance community, you should be aware that failure to perform within the
bounds of these ethical standards is sufficient grounds to receive a grade
of "F" in this course and be recommended for suspension from UHCL.
The Honesty Code of UHCL states:
I will be honest in all my academic activities and will not tolerate
Last day to withdraw from course: June 18, 2007
Attendance policy: Attendance is not required. However, there normally
is a very strong correlation between class attendance and
the ability to perform well on the exams and the term project.
Extra Credit: It does not exist. Don’t bother asking.
SEMESTER SCHEDULE, part 1
It is impossible to anticipate how fast we will cover each chapter in this course.
Therefore, I will give you the order of in which we will be taking up the chapters, so you
may plan ahead in your reading assignments. (The chapters are taken in the order that
they appear in the text.) Certain chapters are grouped for conceptual purposes.
CH. 1 Introduction
CH. 2 Time Value of Money
CH. 3 Setting Goals
CH. 4 Measuring and Controlling Personal Finances
CH. 5 The Life Cycle and Financial Intermediation
CH. 6 Personal Income Tax
CH. 7 Income Tax Planning
CH. 8 Risk Management
CH. 9 Life, Health and Disability Insurance
CH. 10 Property, Home and Automobile Insurance
CH. 11 Credit and Debt Management
CH. 12 Buying and Home and Mortgage Financing
CH. 13 Principles of Investments
CH. 14 Types of Investments
CH. 15 Mutual Funds
CH. 16 Retirement Planning
CH. 17 Maturation of the Retirement Plan (Estate planning)
CH. 18 Comprehensive Planning
SEMESTER SCHEDULE, part 2
Class meeting Special class activities†
06-13 First exam
06-18* Last day to drop a class
06-26 Project due at class
06-28 Final Exam
If no special item is listed as a special activity, class still meets. We will have
regular lecture and reading assignments.
* June 18 is the deadline to drop a 1st 5-weeks class